The insurance professionals online magazine
IBANZ Forum
QUESTION: Whose responsibility is it now to notify banks if there is a mortgage or finance on a policy that is cancelled due to non-payment? Crossley Gates, Keegan Alexander Decades ago there used to be an ...
Feature
The swift development of AI has resulted in the increasing integration of AI technology in insurance claims management and insurance underwriting. In certain cases, AI has been used by insurers to streamline administrative work to ...
Feature
In years gone by, New Zealand was often jokingly referred to as the land of sheep, with around 10 of them for every person. While the number of sheep has dropped in the last few years to a ratio of five to one, we are still a nation tha...
IFSO Case Study
Mr and Mrs Chen* held insurance on their house. In January 2023, the Auckland region was affected by widespread flooding, and the house was damaged as a result. Mr and Mrs Chen made a claim to their insurer for the damage. ...
FSCL Case Study
Olivia* is the owner of a small home renovation business supplying both material and labour to homeowners (the business), in the Hawkes Bay area. In February 2023 the area was severely impacted by Cyclone Gabrielle, causing...
Feature
Willis Towers Watson (WTW) has released a new report exploring the potential for historic loss data to help financial institutions narrow gaps between perceived and actual operational risks. Part of the firm’s...
A Year in Review
For this year-end issue of CoverNote we talk to four industry leaders about t...
Kris Faafoi is CEO of the Insurance Council of New Zealand. Grant Milne is MD of the ICIB BROKERWEB Group. Andy Croy in GM Distribution for NZ at QBE. Neil Cousins is CEO of Steadfast and the current president of IBANZ, the...IBANZ Forum
QUESTION: I'm dealing with a complex situation involving a commercial property owner. The owner recently obtained a valuation on their property, which has come back effectively doubling the previously insured value. Despite...
Humans of NZI
It’s not often that you stumble across someone with a passion for both mixed martial arts (MMA) and insurance, but that's precisely what you get with Tim Littler, NZI's Principal, National Broker Partner. ...
Feature
Recent research from insurer AMI shows that 73% of small business owners are concerned about cyber security, and one in four say they’ve been affected within the last two years. Despite that concern, more than half of...
